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Old 07-06-2001, 02:23 PM
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Stonehenge Stonehenge is offline
LawnSite Bronze Member
 
Join Date: Feb 2000
Location: Midwest
Posts: 1,277
There's a person in this forum that does this, but I won't mention names in case the person wants to remain anonymous.

I only know what I was told, but I would think the cons would be additional paperwork, and potentially double taxation of some profits. However, a big plus, especially if you own a good deal of equipment, is that if your landscape co. does something that incurs a big lawsuit that takes everything the landscape co has, that will only be a bunch of hand tools, because the big eqpt is owned by a different company (also yours).

IMHO, this might only be worthwhile if you have a good lot of toys. I would think you wouldn't move with this without legal counsel. You're trying to limit liability by using legaleze - they know it better than you do.

Aloha and hang loose.
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